New Liquidation Marketplace for Mobile Accessories – B-Stock Wireless

Auction Site Logo

We are excited to announce the launch of our newest private marketplace for cell phones and accessories called B-Stock Wireless (http://wireless.bstocksolutions.com).  B-Stock Wireless Liquidation Auctions offers customer returned and excess inventory including bluetooth devices, smartphone cases, tablet keyboard cases, and other mobile accessories in varying quantities and conditions from our newest enterprise seller.

  Zagg Bluetooth Keyboards and Cases for iPad Mini and Air, Customer Returns (BSS1-701-Lot 8) 3,517 Units, Retail $312,665, Fort Worth TX liquidation auction. B-Stock Wireless     Otterbox Cases & Chargers, Customer Returns (BSS1-701-LOT 1), 7,954 Units, Retail $391,942, Fort Worth TX liquidation auction. B-Stock Wireless     mobile accessories liquidation

B-Stock Wireless provides detailed and accurate range of descriptions that enable buyers to bid with confidence. Listings are always closing soon, so register now at http://wireless.bstocksolutions.com/customer/account/create/.

We are thrilled to officially welcome our newest seller, operating under the B-Stock Wireless banner, to the B-Stock Sourcing Network.

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B-Stock Solutions Raises $7 Million in Series B Growth Funding

sge-logo true-logo

B-Stock Solutions, Inc., the leading provider of inventory Liquidation Sales Management solutions to retailers and manufacturers, announced today that it has closed a $7 million Series B growth funding round led by Susquehanna Growth Equity (SGE). Existing investor, True Ventures, also participated in the round.

“Retail returns are a $260 billion problem for retailers so it is more important than ever for them to maximize the value of this distressed inventory,” said Howard Rosenberg, CEO of B-Stock Solutions. “B-Stock has transformed traditional liquidation methodologies into a data-driven, technology-based process that is both operationally more efficient and yields higher prices.We are thrilled that SGE shares our vision for the business and will be joining our team.”

Since B-Stock Solution’s Series A funding, the Company has grown its client base of Fortune 1000 and SMB retailers and manufacturers into the hundreds and continues to operate profitably. B-Stock Solutions plans to use this round of funding to support and accelerate its award-winning B2B liquidation business, which is growing over 200% annually. This will include expanding its team of marketplace experts to serve its growing list of enterprise clients, advancing its technology roadmap, and broadening the suite of services offered across all industries.

“In 2009, True Ventures led B-Stock’s Series A funding based on the notion that this very inefficient part of the reverse supply chain could be significantly improved,” said John Burke, a Partner at True Ventures. “This team has proven that their technology, services, and extensive data reporting create substantial value for clients who have never before had such visibility into secondary market pricing and demand characteristics.”

Retailers and manufacturers continue to suffer financially from the impact of customer returns and other excess inventory. The trend towards omni-channel retailing is exacerbating this problem. B-Stock Solutions helps minimize this negative financial impact by providing:

  • A secure and easy-to-use web-based auction platform
  • Expert liquidation and auction strategy guidance
  • Real time reporting and analytics on secondary market pricing and demand characteristics
  • Exposure across the B-Stock Sourcing Network, the largest and fastest growing network of branded liquidation marketplaces and qualified business buyers

”We are pleased to be working with B-Stock Solutions as they transform the traditional liquidation industry. The team’s auction strategy, marketplace management, and demand generation expertise have created an incredible solution that no other company has been able to match,” said Amir Goldman, Managing Director at Susquehanna Growth Equity. “B-Stock’s rapid growth to become the leader in their market has been remarkable and it is testament to their team’s performance and dedication to their clients.”

B-Stock Solutions is also excited to announce that Amir Goldman of Susquehanna Growth Equity will join Howard Rosenberg and John Burke on its Board of Directors.

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Processor Magazine Selects B-Stock Solutions as its Company to Watch

Last week, our company was profiled in an article as a “Company to Watch” by one of the leading IT publications in North America, Processor Magazine.  The editor of Processor Magazine interviewed Howard Rosenberg, CEO of B-Stock Solutions, on how B-Stock Solutions is changing how retail and manufacturing organizations are liquidating their excess inventory. Below is an excerpt from the article:

“Our solution brings efficiency to the process of liquidating excess inventory,” says CEO Howard Rosenberg. “We not only bring sellers 20% to 50% improvements in recovery rates, but we reduce the amount of time required to manage the process.”

B-Stock Solutions does that through technology, services, and expertise. “We build and manage branded, private auction marketplaces for our clients. We then fill those marketplaces with buyers who meet our clients’ criteria to create demand. It is a turnkey solution that makes our clients more money.”

You can find the full interview with Howard in Processor Magazine by following this link: http://goo.gl/LPxN3B.  To learn more about our B-Stock’s services for retailers and manufacturers, take a look at the B-Stock website.

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Duracell Powermat Partners with B-Stock Solutions to Launch B2B Online Marketplace

Duracell Powermat B2B Logo

Duracell Powermat B2B is a joint venture that brought together two industry-shaping pioneers: Duracell and Powermat Technologies. The Duracell Powermat 24-Hour Power System provides wireless charging for iPhones and other compatible mobile phones. B-Stock Solutions is proud to be selected by Duracell Powermat to launch their official Duracell Powermat B2B Marketplace (http://duracallpowermat.bstocksolutions.com) and provide buyer members of the B-Stock Sourcing Network access to a variety of Duracell Powermat inventory in bulk lot auctions.

Throughout the launch process, the B-Stock Solutions team worked closely with the Duracell Powermat team to meet their requirements and drive awareness to the upcoming inventory offerings less than 30 days.

backup battery iphone, iphone battery, iphone charger, iphone charge, how to charge iphone, charging iphone, battery iphone 5, iphone case battery, iphone 5 case, iphone 5 cases - Duracell Powermat    iphone 5 battery, iphone battery, charging iphone, iphone 5 charger, iphone 4 charger, battery iphone 4, battery iphone 5, how to charge an iphone 4, how to charge and iphone 5 - Duracell Powermat

Approved buyers can purchase a variety of products including wireless charging cases, portable backup batteries and wireless charging mats. To review a detailed manifests which includes quantities and components; please visit Duracell Powermat B2B Marketplace at http://duracallpowermat.bstocksolutions.com. Please note that only approved buyers may view the inventory manifests.

We are thrilled to officially welcome Duracell Powermat to the B-Stock Sourcing Network.

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Waste Management Liquidation Marketplace has launched!

Waste Management Liquidation Auctions

Waste Management is North America’s largest residential recycler, managing almost 14 million tons of material annually from electronics to recyclables and organics. B-Stock Solutions is proud to be selected as the partner of choice by Waste Management Product Recovery Group to launch the official Waste Management Auction Liquidation Marketplace (http://wm.bstocksolutions.com) helping bring new life to electronics and IT inventory from laptops to smartphones and tablets in bulk lot auctions.

The B-Stock Solutions team is proud to help support Waste Management’s sustainability efforts. From kick-off to site launch, the B-Stock Solutions team worked closely with the Waste Management team to meet all their website requirements and drive awareness to the upcoming inventory offerings less than four weeks.

Approved buyers can purchase via auctions various types of IT products and consumer electronics, including: business class laptops, smartphones , and tablets. Representative brands include: iPhones, iPads, Microsoft, Dell, Lenovo, HP, Blackberry and many others. To review detailed inventory manifests which includes quantities, brand, components included in the lot and model number; please visit Waste Management Auction Liquidation Marketplace at http://wm.bstocksolutions.com. Please note that only approved buyers may view the inventory manifests.

We would like to officially welcome Waste Management to the B-Stock Sourcing Network.

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Announcing the launch of BStockMobile.com

Wholesale Cell Phone Inventory Liquidation

We are very excited to announce the launch of BStockMobile.com in the B-Stock Sourcing Network!

bstockmobile cell phone inventory

BStockMobile is a new inventory liquidation marketplace focused on mobile device and cell phone liquidation. The single seller in the marketplace is the world’s number one trade-in operator and redistributor of carrier-grade mobile devices. In May 2013 this seller set a new industry record for cell phone collections in a single month with more than 1.1 million secure wireless device trade-ins.

This marketplace is offering a wide variety of mobile devices in mixed conditions that have come in via these trade-in programs.  A few sample listings can be seen below: 

Screenshot 2013-11-21 09.02.18

Visit this new liquidation site and take a look, and be sure to register to participate.

The B-Stock Solutions Team

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Small Resellers are Starving for your Inventory

I found a recent article on Ina Steiner’s eCommercebytes blog very interesting.  She wrote about a survey they ran among their readers (who are mainly eBay and Amazon sellers) asking what the sellers would do with $50,000 if given that money to invest in their business.

Inventory, Inventory, Inventory…

The results of the survey were completely consistent with what we always heard nearly 10 years ago when I worked at eBay and we surveyed our sellers.  It is what drove me to start the eBay Private Marketplace business in 2004.  The number one answer from Ina’s survey was that they would spend the money on inventory with 65% of responses mentioning that option.

Screen Shot 2013-09-27 at 1.43.30 PMFrom Ina’s post:  “One might expect the number one answer to be spend it on advertising and marketing. But the number one answer was actually to invest in inventory.”

“The first rule of any business, is that you have to have items to sell, which could be expanded if I had warehouse space.” They said they would also hire additional help to free them up to work on sourcing products…”

I know it is also still true that retailers and manufacturers can’t sell to all of these small buyers because the process is too cumbersome.  Again, same thing as 10 years ago.

B-Stock continues to bridge this gap by providing the tools and services that enable enterprises to sell to thousands of resellers just as easily as selling to one or two.  By doing so, we have created sourcing opportunities for these small buyers so they don’t have to hire staff to spend hours and hours hunting for and negotiating inventory purchases.

The excitement among these buyers to access the inventory is clear. It is obvious based on the numbers of buyers who have joined the B-Stock Sourcing Network. Every new marketplace we launch causes the value of the network to increase for buyers.

Sourcing will always be one of the major barriers to growth for small sellers, but having access to B-Stock’s network of liquidation marketplaces can make their lives a lot better.

 

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Macy's Liquidation Inventory

People ask me often about Macy’s liquidations.  Macy’s is one of this country’s landmark retailers, does a TON of liquidation, and has an interesting history of its own.

Macy’s was initially called Federated Department Stores, Inc.  It was renamed Macy’s, Inc. in June, 2007.  The original company was formed through the combination of Abraham & Straus of Brooklyn, Filene’s of Boston, F&R Lazarus & Co. of Columbus, OH, and Bloomingdale’s of New York.  This combination and formation of Federated occurred back in 1929.  At the time, the company decided that each of these brands would maintain its own identity.

The company is credited with some creative ‘firsts’ in retailing.  For example, the ‘pay as you can’ credit policy and new ways to arrange inventory on the floor.  Rather than organizing the store by color, brand or price, they started organizing by size.

Perhaps the most interesting bit of trivia that few people know is the impact the company had on our country’s holiday calendar.  Fred Lazarus, in 1939, was concerned about the shortened holiday shopping season when he realized Thanksgiving would fall on the last day of November. He actually suggested to President Roosevelt that Thanksgiving be anchored to the 4th Thursday in November every year to provide a more reliable holiday shopping season. Roosevelt liked the idea and it was passed into law.

Fred Lazarus’s legacy at the company is also one of growth.  In 1944 he persuaded the company’s board that they ought to pursue expansion.  The board agreed and they became an operating company headquartered in Cincinnati, OH in 1945.  This started a long period of growth for the Macy’s predecessor that saw the company surpass $1 billion of sales from 14 operating divisions by 1964. It continued to grow into the 1970′s and reached $4.8 billion of sales by 1979.

Fred Lazarus stepped down as CEO in 1966 and was succeeded by his son, Ralph. Ralph drove the development of discount divisions in Florida, Texas and California to meet the demands of their customers.  In addition, he drove the company into real estate development. By the time 1980 rolled around they had 364 stores.

In the late 1980′s Federated was involved in a corporate takeover by a Canadian real estate developer.  Within 2 years, the company filed for bankruptcy.  After exiting bankruptcy, the company acquired Macy’s in 1994 and Broadway Stores in 1995. It also acquired Fingerhut, which at the time was building advanced e-commerce capabilities. That acquisition turned out to be a failure.

In 2005, Macy’s acquired May Company, a similar company also built through a rollup of family owned department stores.  At the time, this acquisition roughly doubled Macy’s size and made it the 4th largest non-food retailer.

Today, Macy’s is truly a US institution.  It has stores in virtually every major market and has sales of more than $25 billion.

All these sales lead to lots and lots of returns.  Those returns lead to huge quantities of liquidation inventory flowing into the secondary market. I will write more about that in a separate post, but will just say that we often see Macy’s liquidation inventory for sale on BStockSupply.com.  I’d encourage you to watch the site if that product is of interest to you.

 

 

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Flea Market History: An Interesting Past

Flea markets are a great way that many of B-Stock’s buyers make their living.  Buying liquidation inventory from our various marketplaces and taking that inventory to flea markets is a great way to make some money.  It sparked my interest in the history of the flea market, so I did some reading.

Flea Market History

While noone knows for sure, it appears likely that the first flea markets were started in the 1800′s.  According to some, the first reference to the term “Flea Market” appeared in two conflicting stories about a location in Paris, France in the 1860′s known as the marche aux puces which translates to “Flea (or Flee) Market”.

The first of these stories is in the article “What Is A Flea Market?” by Albert LaFarge, written in 1998 and published in Today’s Flea Market magazine. In his article he says, “There is a general agreement that the term “Flea Market” is a literal translation of the French marche aux puces, an outdoor bazaar in Paris, France, named after those pesky little parasites of the order Siphonaptera (or “wingless bloodsucker”) that infested the upholstery of old furniture brought out for sale.”

The second of these stories is from the “Book of Flea Markets”.  The author writes, “In the time of Emperor Napoleon III, the imperial architect Haussmann made plans for the broad, straight boulevards with rows of square houses in the center of Paris, along which army divisions could march with much pompous noise. The plans forced many dealers in second-hand goods to flee their old dwellings; the alleys and slums were demolished. These dislodged merchants were, however, allowed to continue selling their wares undisturbed right in the north of Paris, just outside of the former fort, in front of the gate Porte de Clignancourt. The first stalls were erected in about 1860. The gathering together of all these exiles from the slums of Paris was soon given the name “Marche aux Puces”, meaning “flee market”, later translation.

An American Tradition

The first American flea market is said to have opened in Texas in approximately 1873. The concept caught on fast and today some say there are 5,000 flea markets in the United States with over 1 million vendors and 100 million shoppers each year.

The flea market is perhaps the purest example of the entrepreneurial spirit in America. Vendors with few resources at their disposal manage to round up a collection of items that they believe will be sought after by the shoppers in the market. They operate their ‘store’ to the best of their ability and hope to end each day with a profit. They are always on the lookout for new and better merchandise, better ways to sell it, a better location at the flea market, etc.  It is all about buying low, selling high and moving as much volume as they can.

The Sourcing Challenge

Finding inventory to sell at a flea market used to be very challenging. It took significant work to uncover buying opportunities that would allow the purchase of inventory at sufficiently low prices such that a healthy profit could be earned. Today, that has changed. While many vendors have yet to discover inventory sourcing opportunities like the B-Stock Sourcing Network, those who have are enjoying the benefits of a steady, dependable supply of inventory that can be purchased at great liquidation prices directly from the retailer.  This was never possible before because the large liquidators out their had monopolized the market. Small flea market vendors were forced to buy from those liquidators at marked up prices.

So, if you are one of those small businesses struggling to find quality inventory at the right price, check out the B-Stock Sourcing Network and all of our affiliated marketplaces. You will find a wide array of products in varying lot sizes and conditions. Best of all, if you see something you like, just name your price.  Who knows, you just might find yourself becoming the winner!

 

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The Home Depot is the newest B-Stock liquidation marketplace!

We are very excited to welcome The Home Depot to the B-Stock Sourcing Network!

hd_liquidations_logo 165x70

The Home Depot, based out of Atlanta, is the world’s largest home improvement retailer, company #34 on the Fortune 500 list. The entire B-Stock Solutions team is proud to have been selected by The Home Depot build, host and manage their official liquidation marketplace.

And it all happened in four weeks.

From kick-off to site launch, the B-Stock Solutions team worked with the Home Depot team to build the site and pre-register a critical mass of buyers in the new liquidation marketplace in exactly four weeks.

Items on the site range from customer returns to unsold overtock inventory. Detailed manifests highlight all items, quantities, and retail prices, including a SKU # that matches the one used on homedepot.com, allowing independent research of product values. (Only registered buyers with a valid reseller certificate may view manifests.)

The Home Depot Liquidation Marketplace features eight categories, which are: Appliances, Blinds, Fluorescent, Hardware, Lighting & Electrical, Plumbing, Tubs & Toilets, and Seasonal & Miscellaneous. Common items to be found include tools, vacuums, fans, gas grills, and outdoor fountains, umbrellas, and dining sets. Listings will contain either truckloads or half-truckloads of merchandise.

Visit the liquidation site and take a look, and be sure to register to participate.

Welcome aboard to The Home Depot Team!

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